The US dollar strengthened against a basket of major currencies after statements by Donald Trump. The US President said that over the weekend, two phone calls came in from China offering to continue trade negotiations with the countries. D. Trump showed respect for China’s Chairman, Xi Jinping, for his ability to “calm resolution.” “So impressed that they are willing to come out & state the facts so accurately. This is why he is a great leader & representing a great country. Talks are continuing!” Trump wrote on Twitter. The US dollar index (#DX) closed the trading session in the positive zone (+0.47%).
Meanwhile, mixed economic data from the US were published yesterday. So, core durable goods orders decreased by 0.4% in July, while experts expected growth by 0.1%. Moreover, the volume of durable goods orders grew by 2.1% in July instead of 1.1%.
Also, weak economic data from Germany were published yesterday. German IFO business climate index counted to only 94.3 in August instead of 95.1. Today, investors expect the publication of German GDP data.
The “black gold” prices have been growing. Currently, futures for the WTI crude oil are testing the $54.00 mark per barrel. At 23:30 (GMT+3:00), API weekly crude stock will be published.
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Yesterday, the bullish sentiment was observed in the US stock markets: #SPY (+1.11%), #DIA (+1.10%), #QQQ (+1.51%).
The 10-year US government bonds yield has fallen again. At the moment, the indicator is at the level of 1.51-1.52%.
– German GDP data at 09:00 (GMT+3:00);
– CB consumer confidence index in the US at 17:00 (GMT+3:00).